Islamic bond market momentum builds in Gulf

Arab Gulf issuers are turning to the Islamic bond market like never before, selling record amounts of debt compared with non-Shariah compliant sellers, as demand for sukuk pushes yields to the lowest levels since 2005.
Gulf Cooperation Council Islamic offerings totaled $17.4 billion this year, twice the $8.7 billion for non-Shariah compliant bonds, according to data compiled by Bloomberg. Qatar increased 2012 sales over the previous full-year record last week with a $4 billion offer………………………………………..Full Article: Source